The briefing on mining
The latest news, trends and data from the mining industry
NEWS IN NUMBERS
President Trump's $1.5bn plan to establish a strategic uranium reserve has been applauded by the CEO of Energy Fuels
AngloGold Ashanti has agreed to sell its South African producing assets and liabilities to Harmony Gold Mining Company for $300m
Trilogy Metals and South32 have completed the formation of a 50:50 joint venture, called Ambler Metals, to focus on projects in Alaska
A prefeasibility study into the West Musgrave/Nebo-Babel base metals project has shown that the mine could have a 26 year lifespan
The latest from Twitter
Tesla making its own battery cells has been expected for some time. Automotive companies will need to become battery makers. Big battery players will rely on auto majors for their survival. Who’s going to buy who? And how does the geopolitics play out? https://t.co/JR8PykfjPI— Simon Moores (@sdmoores) February 11, 2020
Karnataka BJP MLA Anand Singh has 15 cases against him. Most of the cases are under the Karnataka forest act and for illegal mining. He was an associate of illegal mining barons Reddy brothers.— Ravi Nair (@t_d_h_nair) February 12, 2020
So, Yeddyurappa appointed him as Forst Minister of Karnataka! https://t.co/Drgj4vsW5N
"Bolsonaro's dream is our nightmare, and it will be our extermination. The mining industry brings death, disease, and misery, and it will be the end of our children's future," said @GuajajaraSonia , Executive Coordinator of @ApibOficial https://t.co/N899Bbai0b— AMAZON WATCH (@AmazonWatch) February 12, 2020
Further reading: BHP becomes world’s top copper producer
After a decline in output at the Chilean state-owned miner Codelco, BHP Group has become the world's largest copper miner. Codelco's production declined by 5.6% last year, while BHP has reported the first six months of its financial year to have seen output increase 7% year-on-year.
Chinese surveillance firm supplies smart CCTV to improve mining safety
Partially state-owned Chinese surveillance technology company Hikvision has implemented an intelligent video surveillance and control system in the Jiangzhuang coal mine. Operated by Chinese state-owned coal mining company Shandong Energy, Hikvision says it will help create a “zero-accident” working environment.
Glencore and Samsung sign five-year cobalt supply deal
British–Swiss multinational mining and commodities trading firm Glencore has signed a five-year cobalt supply agreement with South Korean battery manufacturer Samsung SDI. Under the deal, Glencore will supply 21,000t of cobalt in cobalt hydroxide. The supply will start this year and run up to 2024.
Terrafame receives permit from Finland to mine uranium
The Finnish Government has granted a permit to multi-metal producing firm Terrafame to start mining and refining uranium at an existing mine in the country. In October 2017, Terrafame submitted the permit application for the approval of uranium recovery under the Nuclear Energy Act (990/1987) to the government.
India’s JSW Steel secures fourth iron ore mine in Odisha
JSW Steel has reportedly secured a fourth iron ore mine in the auctions held by the Indian state of Odisha. The development follows after the company expressed interest in acquiring more iron ore mines during the upcoming auctions in Odisha. Out of the 18 mines under auction, five are of JSW Steel’s interest.
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